Cann American Corp (CNNA)

[BSMeter]

The types of financing offered to this 2 man operation with no cash or 4 walls with a desk and electricity is known and considered TOXIC because equity lines and ATM financing are considered "Death Spirals" as the underwriters can print endless shares regardless of price at a percentage under the market. The lower the current price, the more shares they get to pour into the marker and when you have a bludgeoned POS such as this company with limited interest, falling price everyday and low volume it is considered TOXIC because these stocks tend to end up in the triple zeros due to the financing.

Regardless of fluff announcements of meaningless non-material, non-credible facts or verifiable companies, orders, or contracts, the TOXIC financing will undermine any attempt of another failed PR campaign by the company or any third party IMO and based on historical data from other companies that followed the same path.

Debt and fully reporting status means nothing when you do not have any history of operations or sales. They probably spent more filing forms to be fully reporting than they did on R&D!

Was out fishing yesterday, but did see it closed down...AGAIN.